Thursday, April 18, 2013

What Will $1 be Worth in the Future? (calculator)

This calculator:

Converts current prices to equivalent prices any number of years in the future

Compares purchasing power today to purchasing power in the future

Enter an amount, how far into the future you want to compute, and the inflation rate you want to assume. Below we see that at 5% inflation for 20 years, an item that costs $100,000 now will cost over $265,000. That means that 20 years from now the purchasing power of $100,000 will have been reduced by over 62%; $100,000 then will only be able to buy what we can buy now for about $37,000. (note: may not work in Chrome)